A practical way to compare asking prices with recent closings.
When you are reading the market, the real question is whether asking prices still line up with closed sales. I would say yes, but only if you pay attention to the gap between a median list price of $476,900 and a median sold price of $318,500 last month.
Last month, the median sold price was $318,500 in Forsyth County, GA. That number gives me a reality check on where deals are landing. It also tells me I need to be careful about assuming every higher asking price will translate into a stronger result.
The other number I watch closely is the typical time to sell, which was 32 days. In plain terms, that means both buyers and sellers need to move with purpose, because the market is not giving much time for hesitation.
Start with the sold price, not the wish price. Review the homes that actually closed. Then use that range to decide where your next move makes sense.
